Tuesday, June 28, 2011

UK Bribery Act: Impact on Indian Companies

The UK Bribery Act 2010 is scheduled to become effective July 1, 2011 following the issuance of detailed guidance in March. This is expected to have a significant impact on Indian companies having a demonstrable business presence in the UK.

In this behalf, an article in the VC Circle by Saionton Basu and Tom Clark details the various steps to be taken by affected Indian companies to “review or implement anti-bribery procedures and policies”.

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